If we want to employ such personnel this requires us

This preview shows page 1 - 3 out of 3 pages.

high. If we want to employ such personnel, this requires us to offer a salary that is certainly not lower than the market rates. Employees that work in harsh working conditions value better health insurance, or employees that work in a boring atmosphere may value holiday bonuses more than others. Briefly, innovative benefits can be personalized according to the needs of specific jobs. If we can learn how to customize them, we can get better results and better performance from each employee in the long run. Critique the effectiveness of equity-based rewards systems versus those with more creative approaches. Equity-based reward systems work very well in motivating employees since we want them to get the big picture, use good judgment, and keep the company's best interests. Some
Image of page 1

Subscribe to view the full document.

people really do think like owners once they own stock, and they take pride in the company and commit 100 percent. If stock motivates someone to do the right thing because they identify with the business, this is the best type of reward. Equity rewards can take many forms of compensation which can be used for a long term employee incentives in the form of variable pay and can include stock options, stock awards/grants and stock alternative and benefits which
Image of page 2
Image of page 3
  • Summer '18
  • 100 percent, ESOP

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern